U.S. Stocks Drop on Housing Data, Oil's Rise; Best Buy, Homebuilders Fall

(Bloomberg) -- U.S. stocks dropped after housing
starts fell in May for the first time in four months and the
price of oil climbed to a nine-month high.

Best Buy Co., the biggest consumer electronics chain,
plunged the most in 18 months after reporting earnings that
trailed analyst estimates. KB Home, Centex Corp. and Hovnanian
Enterprise Inc. led a gauge of homebuilders to its lowest level
in two months.


Read more at Bloomberg Stocks News